What’s going on out there?

This year has started off phenomenally. This January’s sales have posted the strongest numbers for this month since 2007.

There were 1,268 active residential listings on the Board’s MLS® System at the end of January 2015, down 7.9 per cent from January 2014. The average home price also posted a modest year-over-year increase in January. If supply and demand have taught us anything, that’s all good news for sellers.

The changes in interest rates seem to be creating a bit of excitement in potential buyers. Getting some of them to hop down off the imaginary fence and start buying.

If our quick start to the year is any indication of what the second quarter is going to look like, we’re setting up for a very strong spring market.

Click HERE to see Chilliwack’s complete January Statistics package.

 

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